Selecting Forage Insurance with Saskatchewan Crop Insurance Corporation
The Forage Insurance Program offered through Saskatchewan Crop Insurance Corporation (SCIC) is for producers who rely on forage for seed, sale or feed. There are a number of crops insurable under this program including tame hay, dehydrated alfalfa, sweetclover and greenfeed. Additional choices such as Establishment Benefit, Forage Diversification and a Timothy Hay option are also made available under this program.
SCIC provides coverage choices to help build custom-fit insurance for any farm. Producers can customize their forage insurance to their operation by selecting low, base, variable or in-season price options. The variable and in-season price options can help producers manage price fluctuations that occur throughout and after the growing season. Producers can choose from a wide range of coverage level options available. These options include 50, 60, 70 and 80 per cent.
Regardless of your operation, SCIC has several options that meet your forage insurance needs. Alfalfa seed may be insured under a specific yield-loss option available through SCIC’s Multi-Peril Program. Red Clover, rye grass, millet and other forage seed crops are eligible for coverage through the Diversification Option.
If you would like more information about forage insurance, visit a Saskatchewan Crop Insurance office or saskcropinsurance.com. The deadline to sign up, renew or cancel forage insurance is March 31, 2015.
To view the full article, including 2015 insured prices and forage insurance program option, click here.
Posted March 17, 2015